A day like this illustrates SVXY can be crazy .. But I am a believer in this instrument for the long haul .. I will pull off 20% when this hits 500 in a few years IMO. Until then my shares of SVXY / XIV are locked .. may use covered calls to get some premium or buy puts once in a while when the dangers are on the surface or apparent (like Dec fiscal crisis or bombings etc.)
Is this over 90 yet .. LOL
mytek - go and see my post on RENN board in June 2012 recommending VIPS over RENN .. that was a gem of post .. RENN hit new lows since then and VIPS shot up 500% since that time
Who switched to VIPS last June when it was below $5!
VIPS is over 29 today and RENN is much below last June prices!!
Hope some of you got some VIPS
Well said .. there is no bottom for UVXY .. Give enough time, it shall approach Zeroes after several more splits (REVERSE of-course) .. A new low for UVXY is not that far off (may come as soon as TOMORROW)
Actually I'm all for taking some profits out when SVXY crosses $500 split-adjusted. I will give 3 / 4 years and take out 20% of my investment and let the rest ride out for free for 20+ years!
keep bumping this .. where is 77.80 now ..!
as soon as tomorrow this could be over 90s with NFLX beat ..
if aapl comes in-line (doesn't have to beat) - then vix will get crushed again ..
last week was an abnormality in the market with several incidents coinciding - bombings, ricin, bad economic/earnigns reports, media fumbles, gold cratering, china GDP etc. unless you think a week like that recurs often, you'll continue to see SVXY making new HIGHS (its a matter of when and not IF) ..!
Good strategy .. I considered selling in the money calls when SVXY was at 100 .. but I missed on it.
But I don't think I will see calls until SVXY hits a new high ..
Chris - barron's article is linked from Yahoo summary news page for VIPS
You need subscription to access.. or you need to see Google's cache of the article when it is available
looks like the market brushed off Barron's article ..
I would say the article may be viewed positively as VIPS continues to beat estimates, high repeat orders, high conversions to traffic, low return rates etc. I would not be surprised if one or two counterfiet allegations surface now and then with 1000s of brands sold .. but that's noise as long as VIPS has low return rates and satisfied customers who keep ordering repeatedly ..
Next stop is $20 by year end IMO
Slow climb up .. $1 a month on average .. go up a little .. little shakeout .. new highs .. repeat the cycle.
The article fails to mention low PEG rations of VIPS .. While lauding the analysts 2013 and 2014 revenue/EPS expectations, the article also points out threat of counterfieted brands in China .. The high repeat customers and 100% return policy and low return rates (according to article, return rates fell from 2011 to 2012) of VIPS means highly satisfies customer base and strong authentic brands overall!
let us see if it makes a new high this week .. if not the following week i expect it to be making a new all time high .. and to over 35 prior by earnings release .. that is my current expectation!
impressive stats ..
vips has good repeat rates and order conversion ratios. so the traffic increase bodes well for the continued growth .. any case, vips is expected to grow at over 100% .. best growth story I have seen in eCommerce space in several years.
With suspects in both cases that rocked the markets this week almost behind us, unless the earnings outlook dramatically changes, I expect SVXY to recover to new highs in a month or two .. Time is on your side with SVXY - that's what I believe in ...!
Cheers erupt in Boston with 2nd suspect captured - www.cnn.com/2013/04/19/us/boston-bombings-capture-scene/index.html
Good advice .. Its no worse than throwing the money at govt to fund the freeloaders .. I need some losses to offset gains so I don't have fund the freeloaders .. Let my SVXY investment go to zero in your dreams.
But I dream that in 10 to 20 years, my SVXY will be 1000 times and I will end up paying for many freeloaders out there!